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Knicks Notes: Smith, Balkman, Bibby, Lin, Fields

It's been a busy day already for the Knicks, who appear poised to officially announce that they've signed J.R. Smith and waived Renaldo Balkman. As New York looks for its eighth straight win tonight, let's round up a few links that address the impact of the team's latest moves. And don't worry, there's a Jeremy Lin update too….

  • Sam Amick of reports (via Twitter) that Smith will receive $2.3MM for this season and a $2.4MM player option for next year. The numbers are slightly different than what Adrian Wojnarowski reported earlier.
  • The addition of Smith doesn't mean the Knicks are done looking for upgrades, tweets Al Iannazzone of Newsday.
  • Coach Mike D'Antoni indicated he'll work Smith into the rotation slowly and that Landry Fields will still continue to start at the two guard for now, writes Marc Berman of the New York Post.
  • With Baron Davis' return date still up in the air, Howard Beck of the New York Times tweets that the team decided to waive Balkman because they need Mike Bibby to back up Lin.
  • In a piece for, CBA guru Larry Coon explains in detail how the Knicks can re-sign both Lin and Fields this summer.

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